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The Hidden Costs of Sending Money Internationally
Traditional international money transfers are plagued by a series of hidden fees and markups that significantly reduce the amount of money your recipient actually gets. These costs, often buried in the fine print, can amount to a staggering 6-12% of the total transfer value.
Bank Fees
Both sending and receiving banks impose their own charges, creating a double-dip on your funds.
Middlemen Markup
Intermediary banks that facilitate the transfer each take a slice of your money along the way.
Exchange Rate Margin
Banks often add a 4-5% markup to the exchange rate, a hidden cost where they profit the most.
Variable Factors
The transfer amount, payment method, and desired speed can all inflate the total cost.
Visualizing the Loss: A $500 Transfer
To illustrate the impact of these fees, let's look at what happens when you send $500 overseas using traditional methods. A significant portion is lost before it ever reaches its destination.
The Journey of Your Money
The traditional transfer process is not only costly but also slow and opaque. Your money passes through multiple hands, each stop adding delays and fees. Chronara AI revolutionizes this by creating a direct, secure, and instant path for your funds.
The Old Way (2-5 Business Days)
The Chronara AI Way (Instant)
Introducing Chronara AI: A Paradigm Shift
Chronara AI doesn't just reduce fees; it eliminates them and turns the cost into a benefit. By leveraging our proprietary air-gapped solution and linked wallet system, we create a seamless, secure, and rewarding experience.
1% Benefit
We surpass the UN's goal by turning a 6-12% cost into a 1% benefit for the sender.
Instant & Secure
Our air-gapped solution prevents interception and ensures your money arrives instantly.
Complete Ecosystem
The Chronara Credit Card links with mobile payment apps for seamless integration.
A Massive and Growing Market Opportunity
The global remittances market is enormous and continues to grow steadily. Chronara AI is positioned to capture a significant share of this market by offering a fundamentally better solution.
The Investment Opportunity
We are seeking a strategic partner to help us accelerate our growth and revolutionize the international money transfer industry. This is an opportunity to get in on the ground floor of a company poised for exponential growth.
In addition to capital, we are seeking an investor who can help us increase our market reach by 2%, leveraging their network and expertise to fuel our expansion.
Still Confused ?
Watch this video to get a better understanding of the Chronara AI storyboard.